tv On the Money NBC April 19, 2015 5:00am-5:31am EDT
hi, everyone. welcome to "on the money." going social, the battle of the bad guys. how one company hopes that sharing is the way to fight the bad guy. are you willing to give more information about your private life? an insurance company wants to know even more about you than they already do. the ice bucket challenge? now a new way to launch a good cause. there is an app for that, your budget, finances, or kids. finding the best money apps around. "on the money" starts right now. >> this is "on the money." your money, your life, your future. here is a look at what is making news we go into a nuke week "on the money." retail sales rose by .9%.
retail sales are always very closely watched because consumption makes up more than two thirds of the economy. gasoline purchases were weak, partly because of lower prices. sharps opened lower on concern about earnings. the markets continued to fall by the close on friday. google may be searching for answers in europe. the company is facing a $6 billion lawsuit by the european union. they say that google favors it's own shooping search results over it's competitors. financial reports came in this week. citi's earnings beat but revenues fell short, and ben bernanke is staying busy. he is a senior advisor to a hedge fund. no word on how much he will be making, but the fund is worth
$25 billion. >> using a computer is part of every day life for most people these days, but it can be costly. cyber crime cost the global economy over 1.2 billion every day. now going social could stop some of these attacks. we went to an ibm lab for a demonstration of new technology. >> in the last hour we identified 955 malicious ips. >> this map shows cyber attacks in realtime. >> what you see here is various locations popping up of where we see things originating from. across the top we see vietnam, algeria, columbia. >> and this globe shows cyber crime historically. >> we can see the destination where the attacks originate from and where they're landing around the globe. >> ibm uses these databases to track trends in cyber security
and help customers sort through the millions of threats that large companies face daily. he says 80% of cyber attacks come from highly organized gangs. >> one of the things we see is collaborating to share tools, ideas, and data on how to attack. we honestly have not seen the same thing from the defenders. >> that map you saw earlier is called x force exchange. ibm announced they're making their data available. >> when one sees on a ip address that is starting to attack, if they could inform their peers about what they're seeing, the other organizations have the ability to protect themselves. >> ibm says they will continue to update their x force exchange in realtime including the 15 billion security threats that monitor daily. >> when companies are hit by
data breaches, they call fire eye for help. they protect against cyber threats and malicious hacks. we have kevin, the chief operating officer, thank you for joining us. >> thank you for having me. >> global cyber attacks were up 40% last year. what do you think about what you just heard on ibm's plan to share some of the cyber threat data, does the sharing help? >> it will help, at the end of the day, if company a is hacked right now, it would be nice if company b and every other company can learn from that intrusion. you would like to make the victim of the attack be the last victim of an attack, and you can foster that kind of behavior with a community defense. the ability to share will raise the water mark for security. >> we hear about these attacks all of the time with companies that we do business with all of the time. it makes you wonder just how at risk is the average person when
it comes to a cyber attack. can they get my checking account? what should i do? >> i think the average risk is low. most attackers are not targeting people unless you're very high net worth or you're a prominent government official, or you're famous. if you're not in that category, you will probably be maybe a driveby shooting on the information highway where you can, if you can be hacked you would be. >> i don't like the idea of a drive by shooting on an information super highway either, is there anything else i can do or is it just travel at your own peril. >> just use common sense. be careful about the e-mails that don't make sense and you click on the link. if you get invited via skype and instant messages, be careful. using mobile devices shrinks the target area sometimes. >> what does that mean? using mobile shrinks the area is that good or bad in i'm more at
risk for using mobile or less at risk. >> when you look at the ios operating system, it's a closed environment. you're buying the applications from the single app store if is a small operating system, there is least ways to hack it right now. android is a little more open, there is a little more ways, but right now if you want to hack a mobile device, you're doing it through e-mail, trying to get an e-mail to that person, or trying to get them to click a link or do something. you can't just find those mobile devices via ip addresses like you can find a server at a company. where ever money goes crime follows. where information is stored espionage will follow. >> you mention some of it is self inflicted. it happens if you click a link or you open an e-mail you should not have do you combat human interesting with
curiosity, or stupidity, is there a way around that? >> here is the reality, if you have a company of 100,000 people, you will never get all 100,000 people to never click on that link, don't open that attachment. what you hope do is train enough people, have enough people that have the savviness so that you raise the bar of human detection. you're hoping that one of the ten recipients detects this threat and tells the security staff. so you can r eff of human detection, that is the best you do. >> there was a new report this week that said airline computer systems might be vulnerable to being hacked because of all of the stuff we have done to make it more entertaining to be in the air for us. how worried are you about the vulnerability. >> i assume there is a lot of things that are possible, but the practicality of it could be far reaching or far fetched. i don't have the details to speak specifically, but you would have to be on the plane to
do it. that might be a strong deterrent for someone to do something malicious on a plane. >> you have dealt with this every day for years. i just wonder how concerned you are at this point. how worried you are. are we getting better at dealing with this or worse? >> i think we're getting better. i have high hopes. we're all aware there is a lot of state sponsored attacks. i'm hopeful we'll have some kind of a agreement, written or verbal, with many countries that agree on the rules of engagement in cyber space, and we agree on international cooperation if something should take place so we can catch bad guys. >> kevin, thank you, it is always great talking to you. >> thank you very much. up next, we're "on the money." privacy in exchange for perks. why you may want your insurer to track your every move. later it took an ice bucket challeng raise millions for
do you exercise every day or keep your cholesterol level low? one life insurer, john hancock, was the to reward you with that with discounts. are the dollars that you save have big brother watching over you? joining me now john hann dock and michael doughty. how does the program work? >> we have been trying to as a industry get people to be more engaging with life insurance products. the program basically works by
saying if you stay healthy, you will live a longer, healthier life. it is good for us, and it is good for you. that creates value and we can share can back with you by giving you lower premiums and giving you discounts. >> i see you have silver status, gold is 7,000, platinum it 10,000. we're all familiar with frequent flier programs, what do you do to get the points. >> it's taking people to take small steps to be healthy. first time being able to integrate life insurance with a fit bit. one of the things that can get you points is activity. taking steps, going to the gym. going to get an annual physical screening at a doctor, and we have partnered with walgreens for a free screening, getting a flu shot, going to the dentist, running a 5k will get you
points. >> do you to be a lunatic to get to the platinum level. >> platinum is the hardest. i certainly don't think the policeman is -- you don't need to be an ultra marathoner. we can all make improvements, right? it is all relative to where you start and how engaged you get. the more engaged you get the more rewards and t bigger your discount on insurance premiums. >> i like the idea of a carrot, discounts for people if they do things. at some point down the road, if i'm not doing this do i get penalized? do you use it against me if i stop running? >> you have to stay, once you're engaged in the program, say you reach gold status, you need to achieve that every year. you can't do it one year and do want you to be healthy continua continually. there is no such thing as a negative opponent.
if your blood cholesterol is higher than range, we don't penalize you, you just don't get a credit for that. >> the other thing that bothers me is privacy. who are you sharing the information with, how u it so it. >> as a life insurance company, we have gotten sensitive information from customers for a long time. the additional information that we're getting on an ongoing basis. above and beyond, is a pretty small subset of things like the annual screenings that i mentioned and your fitness activity. we don't share that information with anyone that is not required to help us administer the program. the data is designed to provide a good customer service experience to the end customer, and to make sure we can continually provide a program that is priced accurately and, you know, engaging for consumers. >> if someone does this when they're 40 or 45, how much would they save?
>> a great example, if you took a couple, and this is a pretty small policy, they're both working, 45 years old, $45,000 in life insurance, by the time they're 85, they will save over $25,000 just on the premium savings. >> michael, thank you for joining us. >> thank you for having me. >> up next, we're "on the money." may the best charity win. the venture capitalist that says charities cou
dedicated responsive support with century link as your tr partner, you can focus on growing your business. century link, your link to what's next. big day? >> the usual. >> new cars. get the super market shelves stocked. made sure latest gadgets. >> what's up for the next shift? >> just keeping the lights on. >> doing the big thing that moves an economy, just another day at norfolk southern. venture capitalist todd dagres helped fund and launch starters like twitter and four square. how he has a new idea, it's venture philanthropy. new nonprofits will pitch their
goals. then a panel will decide if their charity is viable. thank you for joining us today. >> thank you for having me. >> how did you come up with this idea, was it from watching "shark tank"? >> partially and i participated in an evens at a hospital where doctors and scientists were competing for funding. it was very positive and i though it would work well in a greater setting. >> how does it work? >> it allows nonprofits desperate for money to come together with individuals who have money who are seeking to put that money to work and who have time and expertise to give to the, you know, the nonprofits. it is a form of a matching system. >> is it your thought that you really need to make sure that the charity arena, like every other arena gets disrupted and you find better ways of making it work? >> i think so. i had a lot of people come to me and say that the charity world needs disrupting.
disrupting in a positive way. i'm not saying this is the only way to do it or even necessarily the best way to do it. it is another way to do it. it is based on a personal you're a -- journey. i was involved in large charities and i felt smaller charities could use a helping hand. >> yeah, these are emerging charities that have not made it yet, and what i do for my day job is help small emerging companies reach the next level and build loads of value in a fairly short period of time. >> it makes a lot of sense, but the chronicle of philanthropy came out and asked if organized philanthropy has jumped, why do you think there is backlash? >> i think the establishment is not crazy about new things.
this particular event was compared to a roman circus, that it might be demeaning to the nonprofits. someone comes on, you know, up into the dais and they pitch a way to help kids who have a disease, and we're going to demean them, really? i don't think so. >> what's the plan in terms for the time line of when this happens and will it be televised. >> we're still working, it will be broadcast in some fashion. it may be web cast. the goal is to create the greatest awareness and raise the most money for the nonprofits. it will happen in early november, we're lining up the venue now, we're lining up the the board. >> i think it will be good for everybody. >> we have had hundreds who asked for more information about
how to apply. soon we'll have a website that will tell them how to register, and then we will have the event and see how goes and hopefully will be more events after this. >> thank you. >> up next, on the money, a look f the new at msf, we believe in the power of active management. every day our teams collaborate around the world to actively uncover, discuss, and debate investment opportunities which leads to better decisions for our clients. it is a uniquely collaborative approach that you will not find anywhere else. put our global active management expertise to work for you. mfs, there is no expertise without collaboratio voya.
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. for more on our show and guests, you can go to our website and follow us on twitter. here are the stories coming up .hat may impact your money this severa big consumer brands will be reporting earnings including mcdonalds, proctor and gamble, and amazon. monday is five years since the worst oil spill in u.s. history. and auctioning a perfect diamond, 100 carats in a emerald consult estimated to sell for up to $25 million. wednesday is the 45th celebration of earth day. also existing home sales for march are due. april is financial literacy month. if you're wo how to manage your finances better, there is an app for that,
joining us now is sharon epperson. i know a lot of people download apps, but this is a portion of the population that are weary about that. >> think of how many people are on their phone for just about everything. about half of consumers use an app to get some knowledge about their finances. and those that are using them, do feel more comfortable and more financially secure. >> so gaining control of your finances is tough, it probably starts with a good budget. what kind of tips are you giving people? >> i think the one that everyone points to is minute.ct.co it is one of my favorite apps. don't spend this much because this is how much you allotted to spend on this category. it's very good for that, but some people say it is too much.
there is so much information there, it is kind of overwhelming with the pie charts. i want to know ouch, if i'm saving this much, how much can i spend today. and another app, particularly in the millennial generation just want to know what they can spend >> what what about apps for guiding you on how to invest. >> for organizing your finances and giving you investment suggestions, personal capital has an app that allows do you do that and that's one that a lot of people really like. another one is acorn. it is much simpler, it rounds up your spare change. they round up, you spend $10.50, they round up to $11 and they put that .50 into an account to
save. >> what about kids? >> allowance. i don't know if your kids get an allowance, mine don't yet, sometimes they do, to keep it consistent, allowance manager is something to think about. it allows kids to learn about virtual money. a lot of them are seeing us pay with plastic so they know about that. it puts money on a card, and it helps you manage what they're doing in terms of what they're sp on school lunches, or personal spending. it is a good way to check up on your kids. the other way, it is for younger kids, is saving spree. it helps you figure out whether you should save, spend, invest, donate, and how to allocate that kind of money. it got great awards from parents and teacher associations. and it is by money savvy. that is the show for today, i'm becky quick. thank you for joining me. next week the start up that says it can deliver your star bucks
three people are hurt. the shooter is still on the loose. we'll tell you what students are being told to do this morning. plus, a house fire burns for hours in burlington county, as crews try to put out the flames. and we're in store for sunshine this sunday, as we take a live look at the center city skyline. temperatures are expected to reach the 60s today. we'll tell you what's in store for your workweek in the first alert forecast. good morning, everybody. welcome to nbc 10 news today. i'm ted greenberg. it is now 5:30 a.m. on your sunday morning. thank you so much for waking up early with us. and let's say good morning to meteorologist bill henley ie